bussines news

The Ethiopian Embassy in New Delhi, in collaboration with the Associated Chambers of Commerce and Industry of India (ASSOCHAM), organized a Business Forum to explore and promote business and investment opportunities in Ethiopia. Deputy Head of Mission Ambassador Bizunesh delivered a keynote speech highlighting the ample business and investment opportunities in Ethiopia. A comprehensive presentation …

Indian Companies Engaged In Pharmaceuticals, Agriculture Sectors To Explore Opportunities In Ethiopia Read More »

State-owned Ethio Telecom has announced a record performance for the fiscal year 2023/2024, reporting a substantial revenue increase of 21.7% to reach Birr 93.7 billion. This represents a Birr 16.7 billion surge over the previous year, surpassing the company’s targets by 103.6%. CEO Frehiwot Tamiru unveiled the company’s financial results, highlighting a net profit of …

Ethiopia: Ethio Telecom Posts Record Revenue Read More »

The Ethiopian Coffee and Tea Authority (ECTA) announced that 46,000 tons of coffee were shipped abroad in June, generating USD 218 million in revenue. The fiscal year also saw a significant export of coffee. The country exported a total of 298,500 tons of coffee throughout the year, exceeding the previous year’s figures by 20%. This …

Ethiopia Exports 46,000 Tons of Coffee in June Read More »

The Ministry of Trade and Regional Integration announced adjustments to fuel prices, effective July 10, 2024. According to the Ministry, this decision comes in response to rising global oil prices. The price hike applies to gasoline, kerosene, white diesel, light black diesel, and heavy black diesel. Jet fuel prices remain unchanged. Here’s a breakdown of …

Ethiopia: Ministry Adjusts Fuel Prices Read More »

Ethio Telecom, Ethiopia’s leading telecommunications provider has released its annual performance report for the 2023/24 fiscal year, showcasing impressive growth across key metrics. The report, covering the period from July 1, 2023, to June 30, 2024, highlights the company’s continued success in expanding its digital services and strengthening its market position. Ms. Frehiwot Tamiru, CEO …

Ethio Telecom Generates Total Revenue Of 93.7B Birr During Concluded Ethiopian FY Read More »

Ambassador Tefera Derbew and Deputy Head of Mission Ambassador Dewano Kedir had a productive meeting with Mr. Guo Huaigang, Chairperson of the China Council for the Promotion of International Trade (CCPIT), in Beijing. In June this year, a delegation of 30 companies led by Chairperson Guo visited Ethiopia and met with high-level government officials. They …

Ethiopian Envoy, CCPIT Chair Discuss Progress Of Recent Agreements Read More »

 In a ceremony attended by key stakeholders, Gelila Manufacturing, a local company, laid the foundation stone for its bus assembly plant at the Mekele Industrial Park, Mekele city, capital of Tigray region. The facility, which spans 31,000 square meters of leased land, will assemble various types of buses with an investment capital of 564 million …

Ethiopian Company Called Gelila Manufacturing To Build Bus Assembly Plant In Mekele Read More »

The groundwork for the much-anticipated cool chain logistics system will be laid in Mojo Green Logistics Hub very soon, Capital has learned. A few years ago, a proposal was created to incorporate a new export category for agricultural products. A national logistics initiative called Cool Port Addis aims to establish supply networks for perishable goods …

$50 million cool chain logistics hub to launch in Mojo Read More »

Poland is working to enhance its cooperation with Ethiopia across various fields, including the economy, according to Przemysław Bobak, the Polish Ambassador to Ethiopia. Although relations between Ethiopia and Poland began in the 1920s, official diplomatic ties were established in 1945. Emperor Haile Selassie I’s visit to Poland in 1963 is considered a significant milestone …

Poland Seeks to Strengthen Economic Partnership with Ethiopia Read More »

South Sudan Agree to Build Alternate Oil Pipeline Route South Sudan and neighboring Ethiopia have agreed to enhance border security and trade by building alternate oil infrastructure. One of the important resolutions is the understanding reached by the two sides is the agreement on infrastructure development. it has been agreed to work together to mobilize …

South Sudan Agree to Build Alternate Oil Pipeline Route Read More »